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Debt consolidation loans helping credit?

hello Asked by danells 5 months ago, 3 answers.
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Would a debt consolidation loan help my credit since it is a loan and by makeing payments on time wouldnt that alone help the credit score...

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Me! Answered by editor on Mar 03, 2008, 02:10PM
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Hi,

Yes, it should help, but you have to pay it back on time!

Answered by thomas_82 on Jun 30, 2008, 05:46AM
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Yes it will improve your credit score if you make timely pay as subsequent payments are made to pay off the new loan.

Here is the source of a debt consolidation company named http://ezconsolidation.com for your reference.

Answered by thomas_82 on Jul 23, 2008, 05:21AM
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Yes they do. Debt consolidation loan improve your credit score as it is one type of unsecured personal loan and subsequent payments are made towards new loan. And if you make timely payment it will improve your credit score.

Here is the source of a debt consolidation company named http://ezconsolidation com for your reference which offers debt consolidation loan.

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